Ashley Keller Joins Vringo Board of Directors

New Vringo Board Member Adds Investment, Legal and Patent Litigation
Expertise to Vringo Board of Directors

January 02, 2013 08:30 AM Eastern Standard Time

NEW YORK--(BUSINESS WIRE)--Vringo, Inc. (NYSE MKT: VRNG), a company engaged in the innovation,
development and monetization of mobile technologies and intellectual
property, today announced that Ashley Keller has joined the company's
board of directors.

"Ashley's investment, legal, and patent litigation expertise brings a
unique perspective to our board. We are delighted to be working with
him," said Seth M. Siegel, Chairman of Vringo.

Mr. Keller is a special situations analyst at Alyeska Investment Group,
a multi-strategy hedge fund based in Chicago. In that position, he
focuses on investments in companies involved in complex and high-stakes
commercial litigation and regulatory matters.

Earlier in his career, Mr. Keller clerked for Justice Anthony Kennedy at
the Supreme Court of the United States and Judge Richard Posner at the
United States Court of Appeals for the Seventh Circuit.

Mr. Keller graduated magna cum laude from Harvard University with
a degree in government. He earned a Masters of Business Administration
with high honors from the University of Chicago Booth School of
Business, and a Juris Doctor degree with highest honors from the
University of Chicago Law School, where he graduated first in his class.

"We welcome Ashley's wealth of experience in key areas of focus for
Vringo as we continue to build the company in 2013," said Andrew D.
Perlman, Chief Executive Officer of Vringo. Mr. Keller will serve on the
Audit and Compensation Committees of the Board of Directors.

"I am honored to join the Vringo board of directors. Thanks to the
execution of the company's exceptional management team, Vringo is an
emerging leader in innovating, licensing and protecting intellectual
property and technology. The company is poised for growth in 2013, and I
am excited to play a part in Vringo's continued success," said Mr.
Keller.

About Vringo, Inc.

Vringo, Inc. is engaged in the innovation, development and monetization
of mobile technologies and intellectual property. Vringo's intellectual
property portfolio consists of over 500 patents and patent applications
covering telecom infrastructure, internet search, and mobile
technologies. The patents and patent applications have been developed
internally, and acquired from third parties. Vringo operates a global
platform for the distribution of mobile social applications and services
including Facetones® and Video Ringtones which transform the basic act
of making and receiving mobile phone calls into a highly visual, social
experience. For more information, visit: www.vringoIP.com.

Forward-Looking Statements

This press release includes forward-looking statements, which may be
identified by words such as "believes," "expects," "anticipates,"
"estimates," "projects," "intends," "should," "seeks," "future,"
"continue," or the negative of such terms, or other comparable
terminology. Forward-looking statements are statements that are not
historical facts. Such forward-looking statements are subject to risks
and uncertainties, which could cause actual results to differ materially
from the forward-looking statements contained herein. Factors that could
cause actual results to differ materially include, but are not limited
to: the inability to realize the potential value created by the merger
with Innovate/Protect for our stockholders; our inability to raise
additional capital to fund our combined operations and business plan;
our inability to monetize and recoup our investment with respect to
patent assets that we acquire; our inability to maintain the listing of
our securities on the NYSE MKT; the potential lack of market acceptance
of our products; our inability to protect our intellectual property
rights; potential competition from other providers and products; our
inability to license and monetize the patents owned by our subsidiaries;
our inability to monetize and recoup our investment with respect to
patent assets that we acquire; and other risks and uncertainties and
other factors discussed from time to time in our filings with the
Securities and Exchange Commission ("SEC"), including our quarterly
report on Form 10-Q filed with the SEC on November 14, 2012. Vringo
expressly disclaims any obligation to publicly update any
forward-looking statements contained herein, whether as a result of new
information, future events or otherwise, except as required by law.